Adani NCD issue: Adani Enterprises launches Rs 1,000 crore NCD offer at 9.3% yield, aims to repay debt

Adani Enterprises Ltd (AEL) is launching a public issue of secured non-convertible debentures (NCDs) worth up to ₹1,000 crore, offering yields up to 9.3% per annum. Opening on July 9 and closing on July 22, the issue has tenors of 24, 36, and 60 months. Proceeds will primarily be used for debt repayment.